The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-04-29
r. A. ArcApE, FAILURE.
A weli.Known Wholesale Druggist Goes 10
tho Wall,

obNn y
tho Wall.
The principal topic Of conversation IL
business circles yesterday was the failure
OF Mr.. Robert A. McCabe, who for q Ions
number Of years past has been engaged
In the wholesale drug business on MAR
street. 1t has been known for some tim,
that he was financially embarrassed, bu,
It was hoped that ho would be able to re
cover and continue In businces. There
was a general expression Of sympathy fol
the gentleman, and none heard Of hi
misfortune without regretting that 4
was 60.
The deed OF assignment was made early
yesterday morning and recorded In OlerI
Hooks office before noon. Major !. ". l.
Rodgers Is the assignee, and 10 him Ia as
signed the entire stock Of drugs, medicine
aud chemicals and alt other goods OF ever,
description, alpo the fixtures aud iurnitur,
and other property belonging TO Mr.. Nc
Cabe In the store rooms Ut No. 1905 MAR
street; also the lease for the rooms; alst
all books Of account, notes, bills, accounts
debts and evidences OF debt. Alst
all the household and kitchen
furniture and all other personal property
contained IN his residence at Leatherwood
with power to take possession OF all sale
property and generally to do all things
necessary for the obtaining possession q
and for the converting into money the
came. In doing this the assignee Is 10 OK.
ercise all diligence and may employ per
sons to assist him; he may sell the prop
erty In snch a way as he may deem best
Two hundred dollars worth Of household
furniture Is excepted.
In settling up Mr.. McCabe's affairs, thu
assignee shall frat pay to A. Allan Howol
such amount as may be necessary to salts
~ whatever lien the said Howell may
have by law for the rent Of the building,
Second-He shall pay II. NJ. Russell
sou for legal services, and shall nav al
other expenses connected with the assign,
ment, and himself q reasonable compeu.
sation for his services.
Third-He shall pay II. l.. Roberts and
.. q. Bayha what salary 1t may appea,
from the books Is due them.
Fourth-Should any residue then re
main he shall apply the same 81 far 81
may be necessary or 1t may extend to the
payment OF a note for $l,70O dated De
cember Il, 1856, payable in four months
to the order OF w. Z. Hughes, and endors
ed by MIR. Hughes which note is now held
by the Exchange Bank. The note la 6
renewal Of a note dated August IA, 1886
10 secure the endorser a deed OF trust wal
given upon certain real property il
Leatherwood belonging to Mrs. McCsbe
Fifth-Should any residue then remain
It shall be applied as far as necessary or il
shall extend to the payment of a note
made April Is, 1881, payable in foul
months to the order OF McCabe and Ell,
dorsed by him, now held by the Peoples
Bank. To Secure the payment of this 8
deed OF trust was given at the time upon
the real property belonging to Mrs.
McCabe.
sixth-Any residue that may remain
shall be used for the payment rstably oil
all other debts Of Mr.. McCabe that shall
be presented in writing after the assignee
Shall have advertised for four weeks fol-
such claims.
The note held by the Exchange Bank ID
Tor o portion Of the money Mr.. McCabe
found it necessary to borrow when the
George @. Black cases were settled; he
was n OF Blacks surslies. The $4,000
note held by the Peoples Bank is secured
by a first mortgage on the Leatherwood
property, which will hardly bring that
sum. MIR. Hughes has q second mortgage
on the property to secure him. 1t is not
thought that the assets will more than
cover the first four p%reierments.